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Banking

Banks face difficulties in requiring SOE shareholders to divest

Banks face difficulties in requiring SOE shareholders to divest

According to the current regulations, the share ownership cap by an institutional shareholder in a credit institution is reduced from 15 per cent to 10 per cent and for an individual and his/her related parties from 20 per cent to...
Banks cut staff, transaction branches amid digital promotion

Banks cut staff, transaction branches amid digital promotion

VietinBank will be the first bank in the country’s group of four largest banks (Big4) to cut the number of its transaction branches.
SBV works to ensure 20b preferential credit package is effective and safe

SBV works to ensure $20b preferential credit package is effective and safe

The SBV has been actively developing and refining the mechanism to implement the largest credit package ever, with a total value of up to VNĐ500 trillion.
Banks take cautious strategic approach amid ongoing global challenges

Banks take cautious strategic approach amid ongoing global challenges

Although outstanding loans to US-exporting customers are low, joint-stock banks remain cautious about possible indirect effects from US tariffs on Vietnamese goods, SSI Research says.
Transferred weak banks under restructuring

Transferred weak banks under restructuring

Military Bank and Vietcombank, which took over struggling Oceanbank and CBBank late last year, have begun restoring the weak banks.
Vietnamese banks promote development of global strong brands

Vietnamese banks promote development of global strong brands

The State Bank of Vietnam (SBV) will require Vietnamese banks to develop systematic and long-term brand strategies to establish regional and globally-strong banking brands.
Many banks prioritise seeking foreign strategic investors

Many banks prioritise seeking foreign strategic investors

During this year''s AGM season, many banks'' boards and shareholders showed strong interest in securing foreign strategic partners.
Banks meet Q1 2025 profit plans

Banks meet Q1 2025 profit plans

Bank profits increased in the first quarter of this year, largely due to improved credit.
Digital assets, carbon credits expected to be collateral in bank loans

Digital assets, carbon credits expected to be collateral in bank loans

Currently, the assets are not yet recognised by Vietnamese law as collateral in bank credit activities, while current regulations mainly apply to tangible assets or traditional financial assets.
Three important financial policies to take effect in May

Three important financial policies to take effect in May

From May 18, foreign investors can only buy treasury shares if the shares were purchased by Vietnamese credit institutions before January 1, 2021.
Less attractive rates cause savings withdrawals in favour of other investment channels

Less attractive rates cause savings withdrawals in favour of other investment channels

Savings seem to no longer be a top priority for many people, making it difficult for banks to raise medium- and long-term capital.
NIM reduction forces banks to increase non-interest income, cut costs

NIM reduction forces banks to increase non-interest income, cut costs

To support the Government''s economic growth target of eight per cent or more in 2025, more than 20 commercial banks in Việt Nam have implemented the request to reduce deposit interest rates in parallel with launching many low-interest credit packages.
Complete legal framework needed to settle bad debts

Complete legal framework needed to settle bad debts

Despite efforts of banks in dealing with bad debts, the debts increased by about VNĐ34 trillion in the first two months of 2025, while only about VNĐ15 trillion of the debts were settled by banks through risk provisions.
Banks to provide 19.5b preferential credit package for infrastructure, digital technology businesses

Banks to provide $19.5b preferential credit package for infrastructure, digital technology businesses

The commercial banks said they will participate in the package to show the proactiveness and determination of the sector in supporting businesses and promoting economic growth.
Bank credit needs to flow into real estate segments with higher demand

Bank credit needs to flow into real estate segments with higher demand

Data from the rating agency FiinRatings showed that credit growth for the whole economy was 15.08 per cent last year, while credit growth for real estate developers was up to 28.5 per cent, four times higher than credit for home...